Keep up with the latest news that is important to local businesses and Chamber activity.
The Department of Labor is announcing its new overtime regulation this afternoon
From the US Chamber of Commerce:
The Department of Labor is announcing its new overtime regulation this afternoon in Columbus, OH with VP Biden and others. Here are a few quick points and our press release below. We’re happy to add more color over the phone or by email.
The salary threshold will be increased to $47,476 annually ($913/week)—an increase of slightly more than 100% from the current threshold of $23,660 annually ($455/week).
The proposed level was $50,440 annually ($970/week).
There will be no changes to the duties test.
The DOL had indicated it was considering adding a quantification component similar to California’s that would have required employers to show an employee was performing exempt duties a certain percentage of time to qualify under the specific exemption.
City Council voted to NOT implement an Environmental Commission
Due to the Chamber PAC and Legislative Committee, the City Council voted to NOT implement an Environmental Commission, which would have caused undue uncertainty and potential obstacles for economic development, and the Lead Assessment Ordinance. Mayor Bill Jors along with Council members Dancy, Pappin and Robinson are to be thanked for their leadership in this effort.
Pure Michigan Business Connect Regional Matchmaking Summit
Pure Michigan Business Connect Regional Matchmaking Summit will be August 4, 2016 at Weber Inn in Ann Arbor (flyer attached). This event is for companies with procurement needs.
The goal of this summit is to connect suppliers from all across the State of Michigan to our leading companies in the region, while creating a targeted experience that helps your purchasing teams meet pre-qualified Michigan suppliers. There is no cost to participate in this one-day, invitation-only summit since this is a State of Michigan Governor’s Office program meant to grow Michigan’s economy.
This matchmaker will run differently than other matchmakers you may have experienced. PMBC will customize private 1:1 supplier meeting schedules for your team based on the procurement needs you’ve provided prior to the summit. Below you’ll find instructions as to how we’ll collect your team’s current procurement